Financial Highlights

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ?

No

Types of corporate proposal

Private Placement

Details of corporate proposal

PRIVATE PLACEMENT OF UP TO 24,450,800 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“PLACEMENT SHARE(S)”), REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL, AT AN ISSUE PRICE OF RM1.0647 PER PLACEMENT SHARE (“PRIVATE PLACEMENT”)

No. of shares issued under this corporate proposal

3,500,000

Issue price per share ($$)

Malaysian Ringgit (MYR) 1.0647

Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following